Miller advised retirees to go for investments that don't charge as much as the average 1.43 percent annual expense fee of stock mutual funds.

"If retirees took a closer look at what they pay in management fees on their investment portfolios, they would be shocked to discover how much those fees can eat away at their performance," Miller said in a statement.

The Wall Street Journal reports that stocks are still likely to outperform bonds in the next 20 to 30 years, despite the market volatility in 2011 that made many nervous. WSJ interviewed investment experts who looked at past performances, the current (low) stock valuations and interest rates.

South Floridians who depend on Uber to get to and from Fort Lauderdale bars rallied Thursday in support of the company, making a case that the app-based ride service saves them money and gets them home safely.